FOREX Archives - Global Upfront Newspapers

As Naira Hits N1,825/$, NSA Orders Clamp Down on Forex Speculators

Global UpfrontFeb 20, 2024February 20, 20240

National Security Adviser, Nuhu Ribadu, has directed operatives of the Nigeria Police Force, the Economic and Financial Crimes Commission (EFCC), the Nigeria Customs Service (NCS)

Importers’ Woes Worsens As FG Raises Cargo Clearance Rate Again In 24 Hours, Now N1,413.62 Per Dollar

Global UpfrontFeb 3, 2024February 3, 20240

For the second time in 24 hours, the Federal Government has reviewed the Nigeria Customs Service (NCS) exchange rate for importation of goods. The exchange

Naira Inches To N1000/$1 At Parallel Market, Sells For N925 In Kano, N917 In Abuja, N890 In Lagos

Global UpfrontAug 10, 2023August 10, 20230

The naira plunged to a record low of N925/$1 on the parallel market on Wednesday as demand for foreign currency outstripped supply. This is the

View From Abroad: Nigeria’s Naira Recorded A Historical Plunge After Being Floated Freely

Global UpfrontJun 16, 2023June 16, 20230

By Faustine Ngila The decision by the Central Bank of Nigeria (CBN) to float the naira freely has come with an unwanted outcome: a historical

Nigeria: Naira Crashes As Banks Trade Forex At N750/$

Global UpfrontJun 14, 2023June 14, 20230

Barely five days after the suspension of Godwin Emefiele as Central Bank of Nigeria (CBN) Governor, reports indicate that the Apex bank has given commercial